Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
16,263 Просмотры
490 Replies
Участник с Feb 22, 2011   4862 комментариев
Oct 11, 2018 at 08:07
snapdragon1970 posted:
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
@Kieran I like your motto
Участник с Jan 25, 2010   1360 комментариев
Oct 11, 2018 at 14:52
Pipperidge posted:
togr posted:
BluePanther posted:
snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.

SELL BTC!!! It will only go down! 😎

The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
On top of that:
https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/
https://finance.yahoo.com/news/yale-university-invested-two-cryptocurrency-122602108.html

Bitcoin and cryptos are here to stay. Where the prices will go - we'll have to wait and see. But the way I see it in the longterm - it will only go up.

You HODLer. 😀
'Everything' goes up - it's called INFLATION. 😝
Участник с Feb 12, 2016   427 комментариев
Oct 11, 2018 at 14:55
BluePanther posted:
You HODLer. 😀
'Everything' goes up - it's called INFLATION. 😝

Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.
Accept the loss as experience
Участник с Jan 25, 2010   1360 комментариев
Oct 12, 2018 at 05:52
TiffanyK posted:
Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.

1. 'I [would] HODL some too.' Do you HODL or not? You either DO or you DON'T.
2. Fine if you HODL, but don't be an investor that 'diversifies':

“Wide diversification is only required when investors do not understand what they are doing.”
- Warren Buffet

'The most successful investors don't diversify. Rather, they FOCUS and specialize. They get to know the investment category they invest in and how the business works better than anyone else.'
- Robert Kiyosaki

https://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/July-2016/Why-Diversification-is-Bad-Investment-Advice.aspx
Участник с Sep 12, 2015   1948 комментариев
Oct 12, 2018 at 12:11
togr posted:
snapdragon1970 posted:
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
@Kieran I like your motto

Cheers, I see you have lots of work on different accounts, that's what I call good learning.
"They mistook leverage with genius".
Участник с Sep 13, 2017   140 комментариев
Oct 14, 2018 at 10:00
I don't see any issue with trading crypto currencies that have a fixed supply. It's better long term(store of value) than holding fiat that slowly inflates.
Be humble
Участник с Aug 27, 2017   994 комментариев
Oct 21, 2018 at 07:05
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!
Участник с Sep 20, 2018   9 комментариев
Oct 23, 2018 at 11:06
I theory that makes sense but crypto is not a mature market. It is stull developing. It could be banned or regulated or there could be some huge theft of funds that drives away investors. These things could all mean that crypto like Bitcoin could go from $6000 to $0
Участник с Jul 27, 2018   16 комментариев
Oct 23, 2018 at 11:06
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!

I'm with you on this.
Участник с Feb 22, 2011   4862 комментариев
Oct 23, 2018 at 11:25
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!

I'm with you on this.

Well it should be
Crypto is down a lot know but in nearby years it should change
Участник с Jan 25, 2010   1360 комментариев
Oct 24, 2018 at 06:19
RichPort posted:
I theory that makes sense but crypto is not a mature market. It is stull developing. It could be banned or regulated or there could be some huge theft of funds that drives away investors. These things could all mean that crypto like Bitcoin could go from $6000 to $0

I quite agree.

tradeFX4btc posted:
I don't see any issue with trading crypto currencies that have a fixed supply. It's better long term(store of value) than holding fiat that slowly inflates.

'Fixed' supply you say? I do not agree: supply can be manipulated as easily as IP addresses were increased from IPV4 to IPV6 (source: https://en.wikipedia.org/wiki/IP_address).

Anything in a computer can be manipulated. Only physical assets (eg. gold, silver) cannot be.
Участник с Jan 25, 2010   1360 комментариев
Oct 24, 2018 at 10:21
86% of 2017 ICOs are now in the red, Ernst & Young study finds (22 Oct, 2018)
https://www.marketwatch.com/story/86-of-2017-icos-are-now-in-the-red-ernst-young-study-finds-2018-10-20

ICO swindlers have absconded with some $100 million in investor dough, research firm says (15 Aug, 2018)
https://www.marketwatch.com/story/ico-swindlers-have-absconded-with-some-100-million-in-investor-dough-research-firm-says-2018-08-15

SEC fines, bars alleged fraudulent ICO promoter (14 Aug, 2018)
https://www.marketwatch.com/story/sec-fines-bars-alleged-fraudulent-ico-promoter-2018-08-14

The SEC created a fake ICO website to show just how easy it is to scam investors (16 May, 2018)
https://www.marketwatch.com/story/the-sec-created-a-mock-ico-website-to-show-just-how-easy-it-is-for-investors-to-get-fleeced-2018-05-16

Some of investors’ worst fraud concerns around ICOs backed by Penn study (6 Aug, 2018)
https://www.marketwatch.com/story/some-of-investors-worst-fraud-concerns-around-icos-backed-by-penn-study-2018-08-06
Участник с Oct 09, 2018   41 комментариев
Oct 24, 2018 at 14:29
togr posted:
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!

I'm with you on this.

Well it should be
Crypto is down a lot know but in nearby years it should change
who knows what will happen in nearby years. i think crypto's will again make a great jump.
Участник с May 16, 2018   11 комментариев
Nov 06, 2018 at 11:14
yellowman94 posted:
togr posted:
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!

I'm with you on this.

Well it should be
Crypto is down a lot know but in nearby years it should change
who knows what will happen in nearby years. i think crypto's will again make a great jump.

I would have forgotten about cryptocurrencies. They have already reached their peak. It is time to return to trading with conventional currencies. 😄
Участник с Aug 27, 2017   994 комментариев
Nov 20, 2018 at 07:58
Faneel posted:
yellowman94 posted:
togr posted:
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!

I'm with you on this.

Well it should be
Crypto is down a lot know but in nearby years it should change
who knows what will happen in nearby years. i think crypto's will again make a great jump.

I would have forgotten about cryptocurrencies. They have already reached their peak. It is time to return to trading with conventional currencies. 😄

Actually, trading with the major FX currency is the best practice! But, I like invest my money on Crypto instead of trading.
Участник с Feb 22, 2011   4862 комментариев
Nov 20, 2018 at 08:57
When the BTC price was stable around 6,500 there was not much to trade.
Nowadays market are crazy, just check XRP - new favourite for investors.
may overcome BTC one day.
Участник с Jan 25, 2010   1360 комментариев
Nov 20, 2018 at 15:24
Участник с Apr 18, 2017   718 комментариев
Nov 21, 2018 at 07:32
togr posted:
When the BTC price was stable around 6,500 there was not much to trade.
Nowadays market are crazy, just check XRP - new favourite for investors.
may overcome BTC one day.

I see, now the price is only 4.5K! Really horrible! Don’t know where is the bottom-line.
Участник с Jan 25, 2010   1360 комментариев
Nov 21, 2018 at 08:11
BluePanther posted:
RichPort posted:
I theory that makes sense but crypto is not a mature market. It is stull developing. It could be banned or regulated or there could be some huge theft of funds that drives away investors. These things could all mean that crypto like Bitcoin could go from $6000 to $0

I quite agree.

tradeFX4btc posted:
I don't see any issue with trading crypto currencies that have a fixed supply. It's better long term(store of value) than holding fiat that slowly inflates.

'Fixed' supply you say? I do not agree: supply can be manipulated as easily as IP addresses were increased from IPV4 to IPV6 (source: https://en.wikipedia.org/wiki/IP_address).

Anything in a computer can be manipulated. Only physical assets (eg. gold, silver) cannot be.

Time is proving these points correct.
Участник с Jan 25, 2010   1360 комментариев
Nov 21, 2018 at 08:13
Faneel posted:
I would have forgotten about cryptocurrencies. They have already reached their peak. It is time to return to trading with conventional currencies. 😄

I never bought into the crypto hype. As they say, 'if it sounds too good to be true, it ptobably is.'

As with any ponzi scheme (BitCoin, ICO, or HYIP) the gains are only good in the beginning - but take your money and run before you get 'left holding the bag'.
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